koolmc
4 weeks ago
talking about if they follow through with last news and also they usually have news around this time or in jan
The company is negotiating with remaining creditors, including two of the largest convertible note holders, to restructure its debt in a shareholder-favorable manner and bring these debts out of default.
The company continued to reduce its debt obligations.
The company has entered into a letter of intent with an entity that would be accretive to the company upon closing.
"We're filing the appropriate disclosures and documents to bring the company back into compliance with OTC Markets; we've put the company in a much better position by dramatically reducing the 3(1)(10) obligation to EROP, we're negotiating with all note holders, and we are seeing revenue growth in our remaining operations." Joe Caprino, President of Caprino Management and Acting CEO of ParagonX Holdings, Inc.